Meeting With Broker In Person: Questions to ask

5 Replies

Hi BP,

I am getting my license to be a real estate salesman. I called a broker that a local investor recommended to me and mentioned his name etc. We talked and now I have a meeting set up to meet with in person. 

What questions should I ask or what should I be trying to achieve during this meeting? 

Questions I have thus far:

  • What is compensation for a starting agent at your brokerage? --- How much should I expect?
  • What training programs do you offer/what is your expectation for a new agent learning the game?
  • 87% of agents fail within 2 years: What do you think are the key causes of this? What should I do to prevent myself from becoming part of the 87%

Thank you responders, advice is super helpful

What should I expect as training as a beginning agent? What hours should I expect to put in to be successful(doing what exactly?)?

Hey Cody,

All the questions you want to ask are great! I just got my license less than 6 months ago. After interviewing different brokerages, I went with the one that best suited me with training and potential for growth. The statistic about 87% agents failing within 2 years is very interesting. One thing I liked about Keller Williams was that they provide lots of education and productivity coaching to try to make sure you succeed. If you are interested in hearing more information, or talking with a local broker, private message me. I would be happy to answer any questions or get you an appointment with a team leader of a Market Center in your area. 

My advice:

In the beginning, there will be a lot of training and tons of things to get done, but don't let it overwhelm you. Keep organized and develop systems. The more you develop your systems, the easier things will become. You can put as many or as little hours in as you want, but you'll get out what you put in. This is a long-term strategy for increasing your income. Nothing happens tomorrow. My experience has been 8-10 hour days 6 days a week, but I was brand new to the area and am still developing my sphere of influence. Things can happen fast if you're in a hot market and know the right people. Making connections with people is the most important thing. Just be yourself and find which niche works best for you. There are many ways this profession can be successful. Greatest of luck hanging your license with the right brokerage and getting started. 

Don't hesitate to reach out,

Drake Schmid

Fun fact about my training class at Keller Williams. I started with 10 agents and of the 10 all but 0ne are still Realtors 5 years later. I think the failed rate is based on two things. Lack of training and people not realizing what your getting into when you start real estate. So many start thinking it's easy or flexiable. It can be but is also very demanding. You definitely get out of it what you put into it.

Becca, that is good to know about only one quitting.

Drake, I will definitely send you a message at some point.